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Happy Belly Food Group ( (TSE:HBFG) ) just unveiled an announcement.
Happy Belly Food Group has announced the grand opening of Heal Wellness’ first location in Atlantic Canada, located in Charlottetown, Prince Edward Island. This expansion reflects the company’s commitment to national growth as it brings its wellness-focused quick-service offerings, including smoothie bowls and açaí bowls, to new markets. Heal Wellness, now with 29 locations in operation and over 168 in development, is strengthening its position as a top smoothie and wellness QSR brand both in Canada and the U.S., contributing to Happy Belly’s broader portfolio of 646 franchise locations under various stages of development.
The most recent analyst rating on (TSE:HBFG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Happy Belly Food Group stock, see the TSE:HBFG Stock Forecast page.
Spark’s Take on TSE:HBFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HBFG is a Neutral.
Happy Belly Food Group’s overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant profitability and cash flow challenges. Technical analysis indicates a bullish trend, but overbought signals suggest caution. The valuation is weak due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on TSE:HBFG stock, click here.
More about Happy Belly Food Group
Happy Belly Food Group Inc. is a Canadian company focused on acquiring and scaling emerging food brands. It operates in the quick-service restaurant (QSR) industry, emphasizing innovation and wellness-focused offerings through its various brands including Heal Wellness, Rosie’s Burgers, Yolks Breakfast, and Via Cibo Italian Street Food.
Average Trading Volume: 186,221
Technical Sentiment Signal: Buy
Current Market Cap: C$281.1M
Learn more about HBFG stock on TipRanks’ Stock Analysis page.